Tag Archives: gunmaker

US gunmaker Remington filed for bankruptcy on Sunday, as the more than 200-year-old firearms manufacturer vies to restructure its massive debts. “Directors have determined that it is advisable and in the best interests of the Company that the Company file, or cause to be filed, a Voluntary Petition commencing the Chapter 11 Case,” the bankruptcy filing says. Remington had announced it would file for bankruptcy in February, just two days before a shooting at a Parkland, Florida high school killed 17 people and reignited a national debate on gun control.

American Outdoor Brands’ profit fell sharply over the three months ending 31 January, it reported. James Debney, the British-born chief executive of the company that made the rifle used by the gunman in the school shooting in Florida last month, on Thursday said he “shared the nation’s grief” over the massacre. Announcing American Outdoor Brands’ (AOB) latest results, Debney called the shooting, which killed 17 at the Marjory Stoneman Douglas high school in Parkland, an “incomprehensible loss of life” but said the company would continue to support the rights of Americans to carry firearms.